Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
US Inflation Rises as Expected in June, Prompting the Fed to Remain Cautious on Rate Cuts

US Inflation Rises as Expected in June, Prompting the Fed to Remain Cautious on Rate Cuts

星球日报星球日报2025/07/15 12:54
Show original

Odaily Planet Daily News: The U.S. CPI rose in June, which may signal the beginning of the long-anticipated inflation increase triggered by tariffs, prompting the Federal Reserve to remain cautious about resuming interest rate cuts. According to data from the U.S. Bureau of Labor Statistics, after a modest 0.1% increase in May, the CPI rose 0.3% month-on-month in June, marking the largest increase since January. Year-on-year, it rose 2.7% following a 2.4% increase in May. The core CPI rose 0.2% month-on-month and 2.9% year-on-year, after three consecutive months of 2.8% increases. The sharp rise in goods prices may be partially offset by a moderate increase in service costs, alleviating concerns about widespread inflationary pressures. Weak demand has limited price increases in service-related categories such as airfares, hotel, and motel room rates. (Jin10)

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!